Nvidia hit a market value of $3.92 trillion, on track to become the most valuable company in history, as Wall Street doubled down on optimism about AI.
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Category: Tech
Microsoft to cut about 4% of jobs amid hefty AI bets
The company, which had about 228,000 employees worldwide as of June 2024, had announced layoffs in May, affecting around 6,000 workers.
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Dubai aims to beat the traffic with 2026 Joby air taxi liftoff
Joby Aviation conducted the first test flight of its fully-electric air taxi, a major milestone in an effort to integrate airborne transport into existing mobility networks as early as next year.
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Meta, TikTok can be sued by mother of NYC teen killed while ‘subway surfing’
Meta and TikTok owner ByteDance must face a wrongful death lawsuit by the mother of a 15-year-old Manhattan boy who died while “subway surfing” on a moving train.
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Microsoft sued by authors over use of books in AI training
Microsoft has been hit with a lawsuit by a group of authors who claim the company used their books without permission to train its Megatron artificial intelligence model.
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Bumble to lay off 30% of global workforce as online dating industry struggles
It expects to save about $40 million of annual costs, which it plans to reinvest in initiatives such as product and technology development.
Read More Bumble to lay off 30% of global workforce as online dating industry struggles